Five Candidate Buyers To Bid for Bobov Dol TPP

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Five Candidate Buyers To Bid for Bobov Dol TPP

A total of five companies have purchased documentation to participate in the tender for the sale of 251,400 shares, accounting for 100% of the capital of Bobov Dol thermal power plant (TPP), prior to the April 15, 2008 deadline, the Pirvatization Agency (PA) said.

The candidate buyers include Consortium Energia MK AD, Minna Kompania EOOD, Greece's Damco Energy and Sencap S. A., as well as Belgium's Electrabel.

The candidate buyers, that have purchased the tender documentation will have to present until April 25, 2008 documents verifying their compliance with some of the preliminary qualification requirements.

The approved candidates will be able to purchase an information memorandum and will be allowed to take part in the tender, which will take place on June 26, 2008.

The starting price stands at 100 mln leva (51.12 mln euros), while the bidding increment is set at 1 mln leva (511,300 euros).

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